Six major emerging economies, the 'BRIMCS' countries (Brazil, Russia, India, Mexico, China and South Africa), invest more in energy research and development (R&D) than a large group of developed countries, according to a report. In 2008, the governments of BRIMCS countries invested US$13.8 billion in energy research, development and demonstration (RD&D) — well above the combined US$12.7 billion spent by the governments of the 28 member countries of the International Energy Agency, including Australia, Canada, Germany, Read more...